500 electronics jobs on way to Cork

US electronics firm, Tyco, has announced plans to create up to 500 jobs over the next three years through the establishment of a new business services centre in Cork

Tyco, the world's largest fire protection and security company, made the announcement in the city this lunchtime just six years after closing its Sensormatic manufacturing plant in Bishopstowm with the loss 320 jobs.

Jobs Minister Richard Bruton said Tyco's announcement was a "huge boost" for Cork and Ireland.

Tyco is regarded a big player internationally, ranking as the world's largest fire protection and security company. It has more than 65,000 employees around the world.

It says it hopes the new Cork centre will improve its efficiency in sourcing and procurement, customer service, research and development, IT and finance.

The first tranche of jobs will be based at the City Gate development in Mahon but there are hopes that the operation will move later to new city centre offices.

Tyco chief executive George Oliver said the new centre will enable the company to deliver services more efficiently, increasing its competitiveness, customer satisfaction and shareholder value.

The company s asking anyone interested in positions at the centre to visit its website.

It is the second major jobs announcement in Cork in the last few days.

Enterprise Minister Richard Bruton announced the creation of 40 new jobs at the BioMarin plant in Ringaskiddy last Thursday.

Also, Innovation minister Sean Sherlock announced the establishment of a €30m photonics research centre at Tyndall on the same day which aims to create up to 200 jobs over the next three years.